WACKER CHEMIE AG (FRA:WCH) Wacker Chemie AG: EBITDA for 2021 expected to be above guidance and market expectations

Directive transparence : information réglementée

13/01/2022 18:15

DGAP-Ad-hoc: Wacker Chemie AG / Key word(s): Profit Warning/Annual Results
Wacker Chemie AG: EBITDA for 2021 expected to be above guidance and market expectations

13-Jan-2022 / 18:15 CET/CEST
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Wacker Chemie AG / Financial Results

EBITDA for 2021 expected to be above guidance and market expectations

Munich, January 13, 2022 - According to preliminary evaluations, Wacker Chemie AG anticipates EBITDA (earnings before interest, taxes, depreciation and amortization) of about €1.5 billion for 2021, with sales coming in at about €6.2 billion. That represents an EBITDA 7 percent above the upper end of recent full-year EBITDA guidance of between €1.2 billion and €1.4 billion and 9 percent above current average market expectations of €1.37 billion (source: Vara Research, Jan. 13, 2022).

WACKER intends to publish preliminary figures for 2021 by end of January 2022.

Issuer and Contact

Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 Munich

Investor Relations
Joerg Hoffmann, CFA
Tel. +49 89 6279 1633
Fax. +49 89 6279 2933

Additional Information

ISIN: DE000WCH8881
German WKN number: WCH888
Deutsche Boerse: WCH
Bloomberg ticker code CHM/WCH:GR
Reuters ticker code: CHE/WCHG.DE
Listing: Official market (Prime Standard)
on the Frankfurt Stock Exchange

This publication contains forward-looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update its forward-looking statements, nor does it assume the obligation to do so.

This document includes supplemental financial measures (not clearly defined in the applicable financial reporting framework) that are or may be alternative performance measures (APM). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of WACKER's net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2020 of Wacker Chemie AG which is available for download under www.wacker.com.

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Language: English
Company: Wacker Chemie AG
Hanns-Seidel-Platz 4
81737 München
Phone: 0049-89-6279-1633
Fax: 0049-89-6279-2933
E-mail: investor.relations@wacker.com
Internet: www.wacker.com
ISIN: DE000WCH8881
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1268599

End of Announcement DGAP News Service

1268599  13-Jan-2022 CET/CEST